Elon Musk has secured additional funding to acquire Twitter, filings say

Posted on AllSides May 25th, 2022
From The Left
Dado Ruvić/Reuters

Elon Musk has secured additional funding to purchase Twitter, according to financial filings made public on Wednesday, moving the billionaire closer to completing the high-profile deal.

The Tesla CEO said in the regulatory filings he has increased his personal funding of the purchase from $27.3bn to $33.5bn and secured an additional $6.25bn in equity financing, reducing the amount of debt the entrepreneur would take on in the $44bn purchase.

The world’s richest man is also in talks with shareholders, including former Twitter CEO Jack Dorsey, for additional financing commitments to fund the...

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https://www.theguardian.com/technology/2022/may/25/twitter-investor-meeting-musk-takeover-chaos

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